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BA Debt Fund LLC Secures $4.4 Million Loan For Retail Asset In Westminster

Property Image
FINANCED
$4,400,000

California

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Retail25,000 SF
Financed 02/03/2025
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Property Image
FINANCED

BA Debt Fund LLC Secures $4.4 Million Loan For Retail Asset In Westminster

6351 Westminster Boulevard

See Similar Deals
Retail25,000 SF
Financed 02/03/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$176
Total Square Footage:25,000 SF
Transaction Type:Loan

The property involved in this transaction is a retail asset located at 6351 Westminster Boulevard in the Westminster market, encompassing a total square footage of 25,000. The acquisition loan for this asset was set at $4,400,000 with terms spanning 18 months.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,400,000
  • Loan Type: Acquisition
  • Loan Terms: 18 Months
  • Lender: BA Debt Fund LLC
  • Broker: Steven Smith - Venture West Funding
  • Representatives: Clay Goldthwait & Hiren Naik - Bolour Associates, Inc.

The deal involved key participants including Clay Goldthwait and Hiren Naik from Bolour Associates, Inc., who served as representatives for the lending entity, BA Debt Fund LLC. Steven Smith from Venture West Funding acted as the broker facilitating the acquisition loan.

Players

Steven Smith
Venture West Funding
Steven Smith
1 deal$4.4M volume(310) 706-4457
BROKER
Bolour Associates
Bolour Associates
LENDER
BF
BA Debt Fund
LENDER

Details

FINANCED
IMAGE: Clay Goldthwait, Hiren Naik & Steven Smith DATE: 02/03/2025 ADDRESS: 6351 Westminster Boulevard MARKET: Westminster ASSET TYPE: Retail ~ SF: 25,000 LENDER: BA Debt Fund LLC; Clay Goldthwait & Hiren Naik - Bolour Associates, Inc. (@Bolour_CRE) BROKER: Steven Smith - Venture West Funding LOAN AMOUNT: $4,400,000 LOAN TYPE: Acquisition LOAN TERMS: 18 Months

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,400,000.00

Monthly NOI$29,333.33
Monthly Debt Service$27,810.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00